How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Volume Weighted Average Price (VWAP) Indicator Indicator for MetaTrader 5

MetaTrader 5 indicator

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Volume Weighted Average Price (VWAP) Indicator

Info

The Volume Weighted Average Price (VWAP) Indicator is a Indicator for MetaTrader 5 that vwap indicator v1. 49Release Notes:- 2026-06-15; v1.

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.

How to Install and Use Volume Weighted Average Price (VWAP) Indicator

1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.

2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.

3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.

4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.

Frequently Asked Questions

Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."

Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).

Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.

What this tool does

VWAP Indicator v1.

Typical Use Case

This Indicator excels in automated trading and technical analysis on MetaTrader 5.

Compatible Platform & Setup

This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.

Description & Settings

Related: Compression Breakout Channels with Buy and Sell Volume Analysis - another powerful indicator for MetaTrader 5 traders.

VWAP Indicator v1.49

Also recommended: Simple Anchored VWAP - Institutional Volume Benchmark - similar indicator with strong performance on MetaTrader 5.

Release Notes:
- 2026-06-15; v1.49; Code improvement
- 2026-01-11; v1.47; Code improvement
- 2026-01-11; v1.46; Code improvement
- 2026-01-11; v1.45; Code improvement
- 2026-12-29; v1.43; Initial public release

Description:

The Volume Weighted Average Price (VWAP) is an intra-day calculation primarily used by algorithmic and institutional traders to determine the average price of a security throughout the trading day, weighted by volume. Day traders also utilize VWAP to assess market direction and filter trade signals.

It is important to understand how VWAP is calculated, how to interpret its values, its applications, and its limitations before using this indicator.

This indicator implements the VWAP calculation based on standard definitions. It includes three independent lines:

1. Daily VWAP: Calculated using intra-day values.
2. Weekly VWAP: Calculated from the start of the week.
3. Monthly VWAP: Calculated from the start of the month.

By default, only the Daily VWAP line is enabled. Users can enable the Weekly and Monthly VWAP lines through the indicator's properties panel.

You may also like: Impulse Candle Indicator: Identify Momentum Bars with ATR and Volume - excellent alternative for indicator users on MetaTrader 5.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property version           "1.49"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots   3
#property indicator_label1  "vwap daily"
#property indicator_type1   draw_line
#property indicator_color1  clrred
#property indicator_style1  style_dash

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.